Fracking Saved U.S. Natural Gas Consumers Between $3 and $4 Trillion

Fracking Saved U.S. Natural Gas Consumers Between $3 and $4 Trillion

The University of California at Berkeley’s Haas Energy Institute released a study on the shale gas revolution, noting that advances in hydraulic fracturing and horizontal drilling caused U.S. natural gas production to increase significantly. As a result, the United States became the world’s largest exporter of natural gas when it previously had been a net importer of natural gas. In fact, since 2022, the United States has been the world’s larges…

How Much Has Shale Gas Saved U.S. Consumers?

It may seem like a distant memory now, but as of the mid-2000s, U.S. natural gas production had been flat for a decade, and the U.S. was importing liquefied natural gas (LNG), with plans to import much more. Then shale gas happened. Advances in hydraulic fracturing and horizontal drilling caused U.S. natural gas production to… […]